September 8, 2006 |
Posted By Diane Pfadenhauer |
Your Raise Next Year
This is the time of year when the budget folks begin thinking about raises for 2007. The prediction: a whopping 3.7% (according to Mercer). That wouldn't be so terrible, except that inflation is predicted to be about 3.3%, thus eroding most pay increases. To add more the mix, my guess is that the trend for employers to pass more health benefits costs on to employees will continue. As a result, there will likely be more belt tightening on the part of employees.